ICMA has updated its mapping directory of technology solutions for repo and cash bond operations. The directory now lists a total of 159 solutions, compared to 130 solutions last year and 87 solutions when it was first launched in November 2017.
The majority of new solutions originate from known providers extending their services across other market segments. The review shows an increased focus on matching, confirmation & allocation (5 additions), collateral lifecycle management (4 additions), and exposure agreements and reconciliation services (3 additions each). Ancillary categories such as workflow & communication have also seen an increase in diverse tools to manage operational and legal processes (6 additions).
The fintech mapping directory is divided into 10 categories comprising collateral management, corporate actions, exposure agreement, intraday liquidity monitoring and reporting, matching, confirmation & allocation, reconciliations but also ancillary areas such as static data and SSI, workflow and communication and KYC onboarding.